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Is it OK if I share some joy? I am just so friggin happy!

gqchris

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I have a question...

Not really directed at C-ya I believe he has done well for himself and lives a great life so this amount might not even be life changing.

I know a ton of wealthy older gentleman that have done very well in stocks over the years. They never really seem to sell or cash out and live an upgraded life. I know a ton of kids that ended up with a couple million while dad drove a shit box truck and lived in the same un remodeled house for 40+ years. I guess I just don't understand the though processes of not enjoying the fruits of your labor. I'm all for setting my kid up when my time is up but I have no desire to leave him 5 million dollars.

Just seems weird. I hate gambling and trying to wring every ounce of blood out of something makes me nervous and isn't my style....enjoy life now while preparing for the future.
Im with ya, Sir. Growing up poor, anything is better than what I had.

Too many people have died around me the last few years and I take your same attitude. Life Insurance is there to take care of my wife and kids once I am gone.

3 Million in Nvidia stock would change most of our lives. Its insane the feeling I would have knowing I made 800k in a few days!

But I am like you, I dont gamble, almost to a fault. So I miss lots of "shots".

Im just stoked my PLTR is on a rampage up!
 

monkeyswrench

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Im with ya, Sir. Growing up poor, anything is better than what I had.

Too many people have died around me the last few years and I take your same attitude. Life Insurance is there to take care of my wife and kids once I am gone.

3 Million in Nvidia stock would change most of our lives. Its insane the feeling I would have knowing I made 800k in a few days!

But I am like you, I dont gamble, almost to a fault. So I miss lots of "shots".

Im just stoked my PLTR is on a rampage up!
I'm kind of in the middle. I didn't grow up poor, not that I noticed. Kids had nicer cars, and went on big vacations, but I didn't really notice at the time. I would have loved to set my kids up better, but I was trying to do it with having no big accounts or portfolio. My goal was to have 3 almost equal properties...one for each kid. I know how to work on things, but not really "invest".

I thought it a good plan. Circumstances told me to F' off 🤣

I made it to 2, and the funds for #3 have needed to move elsewhere. I'm 46, and I have time to recover, I hope. Part of me wonders what moves I should have made, and what the outcome would be. One cannot change the past though. 20k, 50k or a million+, can be a game changer for many. Either in debt or in profit, really. Even having the gain like that fall from heaven, doesn't ensure a wonderful outcome.
We all gamble, just in different ways;)
 

DLC

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So call it 3 million !! yahooo….
thats bad ass, absolutely !!

walk me thru how you get it? What strategies could be used?

#1
sell it off little by little say quarterly or an annual sell for the year say in retirement
#2
Dump it all at one time or a big chunk

what kind of Tax is on that gain when you sell?
 

rivermobster

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I have a question...

Not really directed at C-ya I believe he has done well for himself and lives a great life so this amount might not even be life changing.

I know a ton of wealthy older gentleman that have done very well in stocks over the years. They never really seem to sell or cash out and live an upgraded life. I know a ton of kids that ended up with a couple million while dad drove a shit box truck and lived in the same un remodeled house for 40+ years. I guess I just don't understand the though processes of not enjoying the fruits of your labor. I'm all for setting my kid up when my time is up but I have no desire to leave him 5 million dollars.

Just seems weird. I hate gambling and trying to wring every ounce of blood out of something makes me nervous and isn't my style....enjoy life now while preparing for the future.

When I received my parents inheritance...

It was such a nice warm fuzzy feeling knowing I had all that money in the bank and not a care in the world because of it.

The peace that money can buy is just about best feeling ever. It is Almost better than sex. 💞

Just my 2 cents. Dunno if that answers your question, or not.
 

mesquito_creek

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So call it 3 million !! yahooo….
thats bad ass, absolutely !!

walk me thru how you get it? What strategies could be used?

#1
sell it off little by little say quarterly or an annual sell for the year say in retirement
#2
Dump it all at one time or a big chunk

what kind of Tax is on that gain when you sell?
Capital gains tax rateSingle (taxable income)Married filing jointly (taxable income)
0%Up to $44,625Up to $89,250
15%$44,626 to $492,300$89,251 to $553,850

There is a flat surtax of 3.8% on net investment income for married couples who earn more than $250,000 of adjusted gross income (AGI).

So obviously, if you can pay off every last penny of debt including your mortgage and have some other non-taxable savings… I would take an annual cap gain of $89,250 and pay the government absolutely fucking ZERO!
 
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Socalx09

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Wow! Congratulations! That’s so exciting!

I have been watching it for months, kept saying it’s way too expensive. A few weeks ago, I got ballsy and said f it. Ordered 3 shares at $608. I won’t make very much with 3 shares and it may already be near its peak, but it’s still a profit so far!
 

clarence

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I guess I just don't understand the though processes of not enjoying the fruits of your labor.

It's a frequent topic on finance boards (maybe the most common after worrying about spoiling children).

It's just very hard for people accustomed to deferring gratification to switch gears.

Good savers are not often good spenders.
 

Cole Trickle

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When I received my parents inheritance...

It was such a nice warm fuzzy feeling knowing I had all that money in the bank and not a care in the world because of it.

The peace that money can buy is just about best feeling ever. It is Almost better than sex. 💞

Just my 2 cents. Dunno if that answers your question, or not.

When I received my parents inheritance...

It was such a nice warm fuzzy feeling knowing I had all that money in the bank and not a care in the world because of it.

The peace that money can buy is just about best feeling ever. It is Almost better than sex. 💞

Just my 2 cents. Dunno if that answers your question, or not.
I already know the answer to why inheriting a bunch of money would be awesome. lol🤣😎

Im wondering why your dad didn’t spend more of his money when he was alive…haha🤪
 

Cole Trickle

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It's a frequent topic on finance boards (maybe the most common after worrying about spoiling children).

It's just very hard for people accustomed to deferring gratification to switch gears.

Good savers are not often good spenders.
That’s probably the best answer.😊

2 completely different mindsets.
 

LuauLounge

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Have a bunch of tech stocks, Amazon is our #1 winner. Bought 15 shares in 1997 through splits, now have 1,800 shares. Watched it go up and down over the years.
A $300k profit, enough to make us more comfortable, but not a game changer. 3mil and I’d probably start selling off blocks over time.
 

cofooter

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noThat’s probably the best answer.😊

2 completely different mindsets.
Or look up Warren Buffett and how he lives, he's happy making good investments for his shareholders and donating to worthy causes. He can care less about "stuff" Well except his lear jet, haha
 

rivermobster

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I already know the answer to why inheriting a bunch of money would be awesome. lol🤣😎

Im wondering why your dad didn’t spend more of his money when he was alive…haha🤪

Same answer?

He was the one who taught me pay cash for everything. He was never in debt and we took boating vacations Every summer.

He also engrained in me...

Never try and keep up with the Jones.

I've tried to pass those concepts to my kids as well. So far it seems to be working...

My daughter saved all the money she needed to attend USC, on her own, before she ever applied.

I'm so freaking proud of her. 💞
 

DILLIGAF

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I’ve thought about this overnight……..

I am going to share details.

In 2013 I purchased 1000 shares of Nvidia for $19,000 and change. Today, my 19k investment is worth……

$2,882,765

In December of 2023, our Nvidia stock went past 2 million for the 1st time. It’s gone up more than 800k since. Basically over 800k in approx 6 weeks.

I hope this satisfies some curiosity. It is TRULY the best investment I have ever made…….EVER. What a ride!

BTW, I appreciate all the nice comments. It just feels so good.

Now let’s get back to boating, jumping to conclusions, and flying off the handle.
That is awesome to read. Sometimes we win :)
 

DILLIGAF

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When I received my parents inheritance...

It was such a nice warm fuzzy feeling knowing I had all that money in the bank and not a care in the world because of it.

The peace that money can buy is just about best feeling ever. It is Almost better than sex. 💞

Just my 2 cents. Dunno if that answers your question, or not.
I recieved $79. when my Mom passed on. When my Dad passed I got his golf clud head covers and scorecards from his days of playing golf at St Andrews and other places like that.

Would have been nice to inherit some money but my family did not have much and there were 11 kids. Just the way it goes
 

C-Ya

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I have a question...

Not really directed at C-ya I believe he has done well for himself and lives a great life so this amount might not even be life changing.

I know a ton of wealthy older gentleman that have done very well in stocks over the years. They never really seem to sell or cash out and live an upgraded life. I know a ton of kids that ended up with a couple million while dad drove a shit box truck and lived in the same un remodeled house for 40+ years. I guess I just don't understand the though processes of not enjoying the fruits of your labor. I'm all for setting my kid up when my time is up but I have no desire to leave him 5 million dollars.

Just seems weird. I hate gambling and trying to wring every ounce of blood out of something makes me nervous and isn't my style....enjoy life now while preparing for the future.
I’ll answer some of your questions.

First, you never know what the future holds. As you get older, you have no idea how many years you have left. How much is the monthly rate on luxury assisted living facilities and nursing homes. As an example. We were paying 10k per month, 10 years ago, for a mediocre nursing home for FIL. If I have to go into one, I want a killer view, with all the amenities.

What is my worst case scenario on a catastrophic accident? How much should I reserve for a worst case scenario?

Sure, it’s tempting to go buy some baller car. But I just cannot justify it. I drive less than 4000 miles per year. I also drive a car that I don’t care if it gets door dinged. It’s just transportation to me. Plus, I’ve already been through the custom car crap. The only car I plan on purchasing is the best possible truck, for a slippery boat ramp, that will go in my toy condo. (Read below)

A bigger boat? This is something I can truly comment on. “Bigger Boat equals Bigger Headaches”. The one I currently own is a pain in the ass to maintain and worry about. Why exacerbate that feeling? If I am being real…… sometimes I fantasize about not owning a boat. lol

I am more of the mindset of “what do I need?” Right now, that is a toy condo. Since I am too cheap to just buy a warehouse, I am building the entire facility. Ive had a ton of hurdles. Still not sure if I will be able to make it happen. But I am looking forward to spending approx 18 months on my construction site, as I see my dream come to fruition. Once finished, I will splurge on some toys that will be going inside. Until that time, I have nowhere to park splurge purchases. You will know when I finally get all the ducks in a row, since I will be making a thread of its construction.

One thing about my friends. We are friends because of our shared love for boating. It does not matter what their background or employment is. Pretty much like Parker is and has always been. I just like the comradory of the shared interest. As a side note, the friends I hang out with, do not know about my recent windfall. Some are struggling to make ends meet, and I just can’t bring my self to say anything, out of respect for their feelings, and current financial status. I can care less if I hurt your guises feelings! lol (I am being funny. Again I am in a great mood today!) My closest friend in Florida, will have to work until the day he dies.

Here is some math…….

Every 500k of real estate in Florida works out to be approx 10k in taxes. A 3 million dollar home would be 60k per year, and the insurance would be ridiculous. I also don’t need a trophy house. It’s just my wife and I, with no relatives anywhere even close.

As far as my end game on cashing in…….

This is what truly makes me lazy. “I’ll let my wife figure it out”

Besides a law degree. She has an MBA and a minor in finance. I don’t have an opinion….. until she tells it to me!

The biggest negative is that I cannot just go travel. My wife worked 30 years to become the “Queen Bee” at a large law firm. She is not giving that up. It’s not the money but the power she loves.

I am somewhat frugal. I say this because I don’t waste money. I also do not gamble. Not for any reason other than I don’t enjoy throwing my money away. I’ve spent less than $500 in a casino in the last 20 years. Super Bowl football pools is a yearly tradition, as far as gambling goes. I might spend as much as $200 total on different pools. It makes watching the SB fun.

The only financial advise I can give, is that future markets are where you throw your risk. Index funds is where you park your nest egg, as far as stocks. Throw some real estate in, to round out the portfolio. Look long term. Do not let blips into the market throw you into a panic. Nvidia dropped many many many times over the 11 years, but it always roared back. We never panicked. Not once.

I don’t know what other questions I can answer. I am no genius. There are others on this forum with more financial knowledge than me.

One last thing, I have yet to check where Nvidia is today. I am trying to keep from making that a habit.
 

Cole Trickle

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I’ll answer some of your questions.

First, you never know what the future holds. As you get older, you have no idea how many years you have left. How much is the monthly rate on luxury assisted living facilities and nursing homes. As an example. We were paying 10k per month, 10 years ago, for a mediocre nursing home for FIL. If I have to go into one, I want a killer view, with all the amenities.

What is my worst case scenario on a catastrophic accident? How much should I reserve for a worst case scenario?

Sure, it’s tempting to go buy some baller car. But I just cannot justify it. I drive less than 4000 miles per year. I also drive a car that I don’t care if it gets door dinged. It’s just transportation to me. Plus, I’ve already been through the custom car crap. The only car I plan on purchasing is the best possible truck, for a slippery boat ramp, that will go in my toy condo. (Read below)

A bigger boat? This is something I can truly comment on. “Bigger Boat equals Bigger Headaches”. The one I currently own is a pain in the ass to maintain and worry about. Why exacerbate that feeling? If I am being real…… sometimes I fantasize about not owning a boat. lol

I am more of the mindset of “what do I need?” Right now, that is a toy condo. Since I am too cheap to just buy a warehouse, I am building the entire facility. Ive had a ton of hurdles. Still not sure if I will be able to make it happen. But I am looking forward to spending approx 18 months on my construction site, as I see my dream come to fruition. Once finished, I will splurge on some toys that will be going inside. Until that time, I have nowhere to park splurge purchases. You will know when I finally get all the ducks in a row, since I will be making a thread of its construction.

One thing about my friends. We are friends because of our shared love for boating. It does not matter what their background or employment is. Pretty much like Parker is and has always been. I just like the comradory of the shared interest. As a side note, the friends I hang out with, do not know about my recent windfall. Some are struggling to make ends meet, and I just can’t bring my self to say anything, out of respect for their feelings, and current financial status. I can care less if I hurt your guises feelings! lol (I am being funny. Again I am in a great mood today!) My closest friend in Florida, will have to work until the day he dies.

Here is some math…….

Every 500k of real estate in Florida works out to be approx 10k in taxes. A 3 million dollar home would be 60k per year, and the insurance would be ridiculous. I also don’t need a trophy house. It’s just my wife and I, with no relatives anywhere even close.

As far as my end game on cashing in…….

This is what truly makes me lazy. “I’ll let my wife figure it out”

Besides a law degree. She has an MBA and a minor in finance. I don’t have an opinion….. until she tells it to me!

The biggest negative is that I cannot just go travel. My wife worked 30 years to become the “Queen Bee” at a large law firm. She is not giving that up. It’s not the money but the power she loves.

I am somewhat frugal. I say this because I don’t waste money. I also do not gamble. Not for any reason other than I don’t enjoy throwing my money away. I’ve spent less than $500 in a casino in the last 20 years. Super Bowl football pools is a yearly tradition, as far as gambling goes. I might spend as much as $200 total on different pools. It makes watching the SB fun.

The only financial advise I can give, is that future markets are where you throw your risk. Index funds is where you park your nest egg, as far as stocks. Throw some real estate in, to round out the portfolio. Look long term. Do not let blips into the market throw you into a panic. Nvidia dropped many many many times over the 11 years, but it always roared back. We never panicked. Not once.

I don’t know what other questions I can answer. I am no genius. There are others on this forum with more financial knowledge than me.

One last thing, I have yet to check where Nvidia is today. I am trying to keep from making that a habit.
Appreciate the insight.

When would you consider cashing out stocks? Perhaps for another investment (storage condos) or perhaps down the line when the wife retires?

I imagine buying and leaving it is the key. I hat the day trading swings and i imagine the key to happiness is leave it alone and pay someone to manage it.
 

RVRKID

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I’ll answer some of your questions.

First, you never know what the future holds. As you get older, you have no idea how many years you have left. How much is the monthly rate on luxury assisted living facilities and nursing homes. As an example. We were paying 10k per month, 10 years ago, for a mediocre nursing home for FIL. If I have to go into one, I want a killer view, with all the amenities.

What is my worst case scenario on a catastrophic accident? How much should I reserve for a worst case scenario?

Sure, it’s tempting to go buy some baller car. But I just cannot justify it. I drive less than 4000 miles per year. I also drive a car that I don’t care if it gets door dinged. It’s just transportation to me. Plus, I’ve already been through the custom car crap. The only car I plan on purchasing is the best possible truck, for a slippery boat ramp, that will go in my toy condo. (Read below)

A bigger boat? This is something I can truly comment on. “Bigger Boat equals Bigger Headaches”. The one I currently own is a pain in the ass to maintain and worry about. Why exacerbate that feeling? If I am being real…… sometimes I fantasize about not owning a boat. lol

I am more of the mindset of “what do I need?” Right now, that is a toy condo. Since I am too cheap to just buy a warehouse, I am building the entire facility. Ive had a ton of hurdles. Still not sure if I will be able to make it happen. But I am looking forward to spending approx 18 months on my construction site, as I see my dream come to fruition. Once finished, I will splurge on some toys that will be going inside. Until that time, I have nowhere to park splurge purchases. You will know when I finally get all the ducks in a row, since I will be making a thread of its construction.

One thing about my friends. We are friends because of our shared love for boating. It does not matter what their background or employment is. Pretty much like Parker is and has always been. I just like the comradory of the shared interest. As a side note, the friends I hang out with, do not know about my recent windfall. Some are struggling to make ends meet, and I just can’t bring my self to say anything, out of respect for their feelings, and current financial status. I can care less if I hurt your guises feelings! lol (I am being funny. Again I am in a great mood today!) My closest friend in Florida, will have to work until the day he dies.

Here is some math…….

Every 500k of real estate in Florida works out to be approx 10k in taxes. A 3 million dollar home would be 60k per year, and the insurance would be ridiculous. I also don’t need a trophy house. It’s just my wife and I, with no relatives anywhere even close.

As far as my end game on cashing in…….

This is what truly makes me lazy. “I’ll let my wife figure it out”

Besides a law degree. She has an MBA and a minor in finance. I don’t have an opinion….. until she tells it to me!

The biggest negative is that I cannot just go travel. My wife worked 30 years to become the “Queen Bee” at a large law firm. She is not giving that up. It’s not the money but the power she loves.

I am somewhat frugal. I say this because I don’t waste money. I also do not gamble. Not for any reason other than I don’t enjoy throwing my money away. I’ve spent less than $500 in a casino in the last 20 years. Super Bowl football pools is a yearly tradition, as far as gambling goes. I might spend as much as $200 total on different pools. It makes watching the SB fun.

The only financial advise I can give, is that future markets are where you throw your risk. Index funds is where you park your nest egg, as far as stocks. Throw some real estate in, to round out the portfolio. Look long term. Do not let blips into the market throw you into a panic. Nvidia dropped many many many times over the 11 years, but it always roared back. We never panicked. Not once.

I don’t know what other questions I can answer. I am no genius. There are others on this forum with more financial knowledge than me.

One last thing, I have yet to check where Nvidia is today. I am trying to keep from making that a habit.
First thing congrats on this, nice to read. 2nd your last line reminded me of this episode of King of Queens:
 

C-Ya

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Appreciate the insight.

When would you consider cashing out stocks? Perhaps for another investment (storage condos) or perhaps down the line when the wife retires?

I imagine buying and leaving it is the key. I hat the day trading swings and i imagine the key to happiness is leave it alone and pay someone to manage it.
Before 2009, I used Bear Stearns to do all my investments. The worst move of my life.

Sorry to hijack my response, but Nvidia just closed at 700.99 5 minutes ago. I couldn’t help but look. That’s over $100 per share in a week.
 

rivermobster

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Appreciate the insight.

When would you consider cashing out stocks? Perhaps for another investment (storage condos) or perhaps down the line when the wife retires?

I imagine buying and leaving it is the key. I hat the day trading swings and i imagine the key to happiness is leave it alone and pay someone to manage it.

That's what I do. I pay someone to manage my shit.

I'm good at staying in my own lane. 👍🏼

@C-Ya

"Besides a law degree. She has an MBA and a minor in finance. I don’t have an opinion….. until she tells it to me!"

Now THAT is some sig line shit right there!!! 🤣👍🏼🤣
 

clarence

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Just saying:

 

monkeyswrench

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@C-Ya ,as an official low income and low IQ guy, making ends meet and not much more, I'm happy for you! Been into cars and boats for a long time. If it hurt my feelings someone had more coin than me, it would have killed me a long time ago 🤣

I'd rather see a guy with flip-flops on a tiki cruise make some good money, than another billionaire not even notice they made a few extra million.

BTW, need more tiki cruise pics;)
 

HST4ME

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I bought a bunch of AMD and NVIDIA in the early teens. Same deal. When you find out what the government is going to steal/take/extort yore going to be pissed.

In the past I have done Q&A for various game companies and was on reddit when the game stop deal began to go down. I pussied out and threw 5k at it. Some others went balls deep, I just didn't have the nerve from getting fucked most of my life. Oh well...
 

RVRKID

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lol....Love the King of Queens...."We are long term investors.....3-4 weeks" haha
The writers for this show were amazing, I swear people tell me something that happened and I can usually think of an episode of King of Queens.
 

cofooter

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I bought a bunch of AMD and NVIDIA in the early teens. Same deal. When you find out what the government is going to steal/take/extort yore going to be pissed.

In the past I have done Q&A for various game companies and was on reddit when the game stop deal began to go down. I pussied out and threw 5k at it. Some others went balls deep, I just didn't have the nerve from getting fucked most of my life. Oh well...
Capital Gains tax is a Mofo. If it wasn't bad enough they also have an adder for high income individuals now.......
 

HTTP404

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When we bought Nvidia is was based on crypto mining market potential. Looks like it has morphed into AI at this time.
 

baja-chris

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Sell and diversify. You never know what might happen. Lets say China suddenly invades Taiwan, war breaks out and as collateral damage the TSMC foundries are all leveled (which AFAIK is who makes wafers for Nvidia). The semiconductor industry collapses, Billions evaporate overnight.

I once had a high level position in an S&P 500 company and was sitting on stock options that were locked up (unvested) so I could not exercise them. They had a paper value of $14,000,000. Dot com erased all of it. Poof. Worthless in a short period of time. It's only paper until it's in your bank.
 

DILLIGAF

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Sell and diversify. You never know what might happen. Lets say China suddenly invades Taiwan, war breaks out and as collateral damage the TSMC foundries are all leveled (which AFAIK is who makes wafers for Nvidia). The semiconductor industry collapses, Billions evaporate overnight.

I once had a high level position in an S&P 500 company and was sitting on stock options that were locked up (unvested) so I could not exercise them. They had a paper value of $14,000,000. Dot com erased all of it. Poof. Worthless in a short period of time. It's only paper until it's in your bank.
Damn.....that hurt just reading that :(
 

Willie B

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… some real interesting stuff in this thread… Money stuff… All I know when I was looking good in the stock market… That was when I was playing in the market and was a Liveaboard, fun guy on my old classic wooden yacht… I got a lot of respect and was invited to yacht parties… When that all went sideways… No more yacht parties… But…I didn’t have to worry about the stock market anymore… I will stick with didn’t have to worry about the stock market anymore🤷🏽‍♀️
 

DILLIGAF

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… some real interesting stuff in this thread… Money stuff… All I know when I was looking good in the stock market… That was when I was playing in the market and was a Liveaboard, fun guy on my old classic wooden yacht… I got a lot of respect and was invited to yacht parties… When that all went sideways… No more yacht parties… But…I didn’t have to worry about the stock market anymore… I will stick with didn’t have to worry about the stock market anymore🤷🏽‍♀️
You did OK and are doing OK Willie.....you done good
 

boatnam2

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I recieved $79. when my Mom passed on. When my Dad passed I got his golf clud head covers and scorecards from his days of playing golf at St Andrews and other places like that.

Would have been nice to inherit some money but my family did not have much and there were 11 kids. Just the way it goes
Same, my brother, sister and i got $333 each on my mom's passing, which was $6 short to cremate her.
 

Willie B

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You did OK and are doing OK Willie.....you done good
… somehow I have survived it all… last year was without a doubt the worst year of my life… I really did not think I was going to live through it… and I came close to not living through it…

… I am up and around …mostly with a cane…many thanks to the hospital..:but most of all thanks to NEIGHBOR GIRL …she is still on top of it…

…Our first big cruise around since my really bad year was the other day in the rain… She is the one that took the pictures and shot the video… The LA River… The chicks in bikinis up at Lake Hollywood park …she is not only really easy on the eye but a smart, smart, smart, young chick…

… because of me, being a really old white guy and her being a very pretty young Mexican girl…we always used to get really strange looks …so we would make up stories and shock people… Now that she and her Beau of seven years are expecting… she has come up with a new idea…When we go places…She wants to shock em by saying… “we didn’t expect this… What should we do”???…she’s going to have to show a little more baby belly before we can pull this one off???… I guess I’m still a youngster, at heart🤷🏽‍♀️… what do ya do…Dunno???…

…Ooops…Sorry Mr C-Ya… didn’t realize what thread I was putting …my stuff in to… I would pay you damages except you probably have already made another $48,000 tonight… And you’ve only been asleep for three hours😳

… super big congrats to you and the Mrs… I know firsthand what it feels like’ as you watch your investments grow…
… it’s not exactly like the weight of the world is been lifted off your shoulders… But there really is a new feeling of freedom👍
 
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clarence

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I once had a high level position in an S&P 500 company and was sitting on stock options that were locked up (unvested) so I could not exercise them. They had a paper value of $14,000,000. Dot com erased all of it. Poof. Worthless in a short period of time. It's only paper until it's in your bank.

I remember thinking 2000 would be my last year working. LOL

Worked another 20 years.
 

TPC

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… I have only invested twice… Once with Compact Video… Mid 70s… Friend of mine, First, mobile videotape trucks and they became the leaders in video tape editing, … Techie Masterful stuff…
… I was way ahead of the game…
… the US economy, took a nose dive, and I was living …party on the docks as a live aboard, and didn’t pay too much attention… OK so I lost a bunch on that one???

t🤷🏽‍♀️
I remember them back then. They were everywhere in the TMZ. Good call.
These guys are everywhere now:
https://quixote.com/

Wife bought a boxload of Tesla at $101, sold at high $270's.
 
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Willie B

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I remember them back then. They were everywhere in the TMZ. Good call.
These guys are everywhere now:
https://quixote.com/

Wife bought a boxload of Tesla at $101, sold at high $270's.
… damn… What you posted about QUIXOTE..: that is an eye-opener… In my day, in the biz… there seemed to be a lull in equipment ownership… Just a few privateers… oh, the money I could’ve made had I opened up my own picture car business… I lived in LaTuna Canyon and had room to store many vehicles… but it seems like so many people in the Biz were more interested in how to rip off the production company and where to buy their next gram of cocaine… And not much else🤷🏽‍♀️
 

RVR_RCN

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I promised myself I wouldn’t check Nvidia today, but I am weak. I broke down and looked.

My Nvidia portfolio grew over 48k………. Since yesterday!
Great story and nice win! I bought 3 shares while sitting on the throne this morning. Hope it goes up another 89,000%
 

Thing One

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I'm going to do you a huge favor and NOT buy any of this stock. You owe me a beer, I'm just saying.
 

C-Ya

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I have a question...

Not really directed at C-ya I believe he has done well for himself and lives a great life so this amount might not even be life changing.

I know a ton of wealthy older gentleman that have done very well in stocks over the years. They never really seem to sell or cash out and live an upgraded life. I know a ton of kids that ended up with a couple million while dad drove a shit box truck and lived in the same un remodeled house for 40+ years. I guess I just don't understand the though processes of not enjoying the fruits of your labor. I'm all for setting my kid up when my time is up but I have no desire to leave him 5 million dollars.

Just seems weird. I hate gambling and trying to wring every ounce of blood out of something makes me nervous and isn't my style....enjoy life now while preparing for the future.
I am curious….. If you had a 3 million dollar windfall, what would you do with it?

Even though I highlighted Cole Trickle, it is a question for all of you that would cash in, and not stay on the rollercoaster.

Funny thing about the question above……. There is no wrong answer. I am just curious as to what others would do. It might give me some ideas. Lol

At some point, since this thread is so active……… I will share some of my “stock loss” stories. Its why I don’t use money managers. Let’s just say I know what it feels like to be duped by a slick stock broker, who is preying on my ignorance. Some of the lessons we learn in life are expensive. One lesson cost me 400k. However, if it wasn’t for that, I truly wouldnt be where I am today with Nvidia. Even though I lost 400k, the knowledge that I gained allowed me to be where I am today. Without that lesson, my wife and I would not have dedicated all the energy into educating ourselves and becoming our own stock brokers. Now, without the influence, of commissioned brokers and others, we are able to think for ourselves. Life has been great since.

I remember say ing to my wife…… I don’t know why I paid that guy to loose my 400k, I could have done that on my own!
 
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hallett21

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I am curios….. If you had a 3 million dollar windfall, what would you do with it?

Even though I highlighted Cole Trickle, it is a question for all of you that would cash in, and not stay on the rollercoaster.

Funny thing about the question above……. There is no wrong answer. I am just curious as to what others would do. It might give me some ideas. Lol

At some point, since this thread is so active……… I will share some of my “stock loss” stories. Its why I don’t use money managers. Let’s just say I know what it feels like to be duped by a slick stock broker, who is preying on my ignorance. Some of the lessons we learn in life are expensive. One lesson cost me 400k. However, if it wasn’t for that, I truly wouldnt be where I am today with Nvidia. Even though I lost 400k, the knowledge that I gained allowed me to be where I am today. Without that lesson, my wife and I would not have dedicated all the energy into educating ourselves and becoming our own stock brokers. Now, without the influence, of commissioned brokers and others, we are able to think for ourselves. Life has been great since.

I remember say ing to my wife…… I don’t know why I paid that guy to loose my 400k, I could have done that on my own!
Build something along the lines of what you’re describing. Ideally something that would cash flow and allow me to have a “free unit”.

Storage units would be another.

Once that’s set if you wanna borrow against it to go buy a boat, great.
 

cofooter

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I am curious….. If you had a 3 million dollar windfall, what would you do with it?

Even though I highlighted Cole Trickle, it is a question for all of you that would cash in, and not stay on the rollercoaster.

Funny thing about the question above……. There is no wrong answer. I am just curious as to what others would do. It might give me some ideas. Lol

At some point, since this thread is so active……… I will share some of my “stock loss” stories. Its why I don’t use money managers. Let’s just say I know what it feels like to be duped by a slick stock broker, who is preying on my ignorance. Some of the lessons we learn in life are expensive. One lesson cost me 400k. However, if it wasn’t for that, I truly wouldnt be where I am today with Nvidia. Even though I lost 400k, the knowledge that I gained allowed me to be where I am today. Without that lesson, my wife and I would not have dedicated all the energy into educating ourselves and becoming our own stock brokers. Now, without the influence, of commissioned brokers and others, we are able to think for ourselves. Life has been great since.

I remember say ing to my wife…… I don’t know why I paid that guy to loose my 400k, I could have done that on my own!
Put it in a brokerage account and invest in fixed income and sleep well at night. Maybe splurge on something or other now and then....... thats what I would do.........
 

clarence

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There's an argument for quitting once you've won the game (Bernstein), because it's crazy to risk what you need for what you don't (Buffett).

Have to work backwards from what you want - what fraction of the $3M do you "need"?

Maybe sell off the fraction that buys your Bahamas-capable boat (and operating costs, including detailing) and let the rest ride?
 

TimeBandit

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I'm not facing a $3 mil windfall anytime soon afaik.

I would buy a lake house, but you already live on the water so??

At one time the "numbers on paper" meant more to me, once you have "enough" they are just bigger numbers.

So its up to you!
 
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